Next to the Queenstown MRT station, MCC Land would launch its Dundee Road project this year. The developer paid $438 million, or $871 psf ppr, for the site — just a tad lower than the $883 psf ppr paid for the neighbouring Commonwealth Towers site. The latter was launched at a median price of $1,626 psf in May 2014.
Some 400m from the Serangoon MRT station and Nex, City Developments and Hong Leong Holdings could launch their Lorong Lew Lian site this year. The joint venture paid $710 psf ppr for the site, which could translate into a selling price of between $1,300 and $1,350 psf.